MILLENNIUM Global Holdings Inc. (MGHI) reported an increase in revenue by P100 million to P1.25 billion in the first nine months of 2015, from P1.15 billion during the same period last year, on the back of strong showing by its units.
Cebu Canning Corp. (C3) and Millennium Ocean Star Corp.’s (MOSC) import/export and processing of marine goods and other related products reported evenues of P1.09 billion and P159.5 million, respectively. Earnings Before Interest, Taxes, Depreciation and Amortization stood at P65.22 million in the three quarters of this year, P10.65 million higher than the P54.57 million posted a year ago.
Equity as of September 30, 2015, hit P206.1 million, compared to P185.3 million as of December 31, 2014. The P20.8-million growth was attributed to the increase in payment of subscription receivables from MGHI Chairman and President Yang Chi Jen, and the spike in equity attributable to noncontrolling interest for P4.2 million.
In terms of assets, cash stood at P32.4 million as of end-September 2015, as compared to P109.8 million on December 31, 2014.
Formerly the IPVG Corp., MGHI was incorporated and registered with the Philippine Securities and Exchange Commission on May 19, 1964. It has since then focused on growth areas, such as information technology and telecommunications, online computer games and business-process outsourcing.
The company purchased 51 percent of MOSC on January 10, 2014, which currently serves as an operating firm.
It exports Philippine seafood and aquaculture products to different areas in Asia, Europe, the United States, South America and Canada. On April 17 this year, MGHI fully acquired C3 for P6.7 million to expand its interests in the seafood business.